WILLIAM DONALD SCHAEFER, Governor

Ch. 192

in covered employment for the 4 completed calendar quarters immediately preceding
September 30, the rates at which employers shall be required to pay contributions shall be
determined by using the Table of Basic Rates under subsection (d) of this section
adjusted as shown in the Schedule of Basic Rate Adjustments set forth below.

SCHEDULE OF BASIC RATE ADJUSTMENTS

When Ratio Between Fund Balance                                                    Employing Unit's

on [Computation Date] SEPTEMBER 30 and Total                           Contribution

Taxable Wages for Prior Year Is:                                                        Basic Rate Shall:

SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Labor and Employment

8-613.

(a)     (1) In this section the following terms have the meanings indicated.

(2)     "Reorganized employer" means:

(i) an employer that alters its legal status, including changing from a
sole proprietorship or a partnership to a corporation; or

(ii) an employer that otherwise changes its trade name or business
identity while remaining under substantially the same ownership.

(3)     "Successor employer" means an employer that acquires, by sale or
otherwise, all or part of the assets, business, organization, or trade of another employer.

(b)      [A reorganized employer shall keep the contribution rate of the employing
unit before the reorganization and be liable for all contributions, interest, and penalties
owed by the employing unit before the reorganization.]

(I) A REORGANIZED EMPLOYER SHALL BE LIABLE FOR ALL
CONTRIBUTIONS, INTEREST, AND PENALTIES OWED BY THE EMPLOYING UNIT
BEFORE THE REORGANIZATION.

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(1)	up to 2.8%	Increase by 2.0%
(2)	2.8% but less than 2.9%	Increase by 1.9%
(3)	2.9% but less than 3.0%	Increase by 1.8%
(4)	3.0% but less than 3.1%	Increase by 1.7%
(37)	7.1% but less than 7.2%	Decrease by 1.7%
(38)	7.2% but less than 7.3%	Decrease by 1.8%
(39)	7.3% but less than 7.4%	Decrease by 1.9%
(40)	7.4% and over	Decrease by 2.0%